Why Costco Stock Was Slipping Today
Shares of Costco (NASDAQ: COST) were heading lower today, even as the broad market jumped, overcoming an initial sell-off on a hotter-than-expected September jobs report this morning. The culprit sending Costco shares lower today seemed to be the same one that hit Coca-Cola and Pepsico yesterday.
Investors are fearful that weight-loss drugs like Ozempic are impacting grocery sales. In fact, a Walmart exec told Bloomberg that it was starting to notice an impact from the drugs in an interview published yesterday.
As of 11:49 a.m. ET, Costco was down 3.1%, while Walmart had fallen 3.2% at the same time, and other consumer staples stocks were down, as well.
Source Fool.com
Walmart Inc. Stock
€64.68
1.860%
With 82 Buy predictions and not a single Sell prediction Walmart Inc. is an absolute favorite of our community.
As a result the target price of 74 € shows a slightly positive potential of 14.41% compared to the current price of 64.68 € for Walmart Inc..
